The Department of Energy has confirmed that both forms of fuel will encounter a decrease – but there’ll be no hat-trick for us in November, as illuminating paraffin is getting more expensive.

PETROL PRICE FOR NOVEMBER 2020

• Petrol: Set to decrease by 27 cents.
• Diesel: Set to decrease by 12 cents.
• Illuminating Paraffin: Set to increase by 20 cents.

Adding these totals to the October fuel price gives us the following average cost-per-litre for petrol and diesel in November.

WHY IS THE PETROL PRICE DROPPING IN NOVEMBER?

It’s all thanks to the Rand and its respectable performance against the US Dollar. Placid oil prices have also facilitated a consecutive decrease in fuel costs for South Africa – which is a general sign that the petroleum market is now stabilising. In fact, the AA is optimistic that this marks the ‘evening out’ of petrol prices for the months ahead.

“The Rand has maintained its strength against the US dollar throughout October. This gradual appreciation has been mirrored by international oil prices, which softened throughout the month, with steeper reductions seen over the past ten days. Exchange rate and oil pricing data have shown more stability over the past two months.”

“This suggests that fuel prices have reached an equilibrium. We are hoping that this is the case – because fuel price stability would come as a welcome relief to individuals and corporates alike in the current economic conditions.”

- AA statement

DIESEL AND PETROL PRICE FOR NOVEMBER – FILLING UP IN COASTAL REGIONS:

MOTOR VEHICLES AND BAKKIES

Average capacity: 45 litres
Cost for a full tank of petrol: R625.05
Cost for a full tank of diesel: R524.25

MINI BUSES / TAXIS

Average capacity: 75 litres
Cost for a full tank of petrol: R1 041.75
Cost for a full tank of diesel: R873.75

BUSES AND TRUCKS

Average capacity: 250 litres
Cost for a full tank of diesel: R2 912.50

MOTORCYCLES

Average capacity: 20 litres
Cost for a full tank of petrol: R277.80
Cost for a full tank of diesel: R233

DIESEL AND PETROL PRICE FOR NOVEMBER – FILLING UP INLAND

MOTOR VEHICLES AND BAKKIES

Average capacity: 45 litres
Cost for a full tank of petrol: R656.55
Cost for a full tank of diesel: R45

MINI BUSES / TAXIS

Average capacity: 75 litres
Cost for a full tank of petrol: R1 094
Cost for a full tank of diesel: R918.75

BUSES AND TRUCKS

Average capacity: 250 litres
Cost for a full tank of diesel:  R3 062.50

MOTORCYCLES

Average capacity: 20 litres
Cost for a full tank of petrol: R291.80
Cost for a full tank of diesel: R245

The South African